The data was delayed by the government shutdown, but today the Bureau of Economic Analysis has released the third quarter GDP {DATA HERE} showing a very strong 4.3% growth. The second quarter was also revised up to 3.8%.
Real GDP increased at an annual rate of 4.3 percent in the third quarter, showing increases in consumer spending, increases in exports, and government spending offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased boosting the overall GDP number.
This result is similar to the GDP growth rate cycle we previously saw in 2017 as the MAGAnomic policies and investments into the domestic economy begin to show up. While consumer confidence has struggled due to affordability issues, consumer spending going into the holiday season was very strong.
WASHINGTON – US real gross domestic product rose at an annualized rate of 4.3% in the third quarter, exceeding the 3.3% expected and more than the 3.8% growth in the second quarter.
“The increase in real GDP in the third quarter reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment,” the Bureau of Economic Analysis said.





